Veterans Enterprise Training & Services Group Inc

Analysis

Veterans Enterprise Training & Services Group Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 2005, 21 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Veterans Enterprise Training & Services Group Inc reported income of $551k and spending of $820k, spending 149% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $269k to $551k (+104%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 55%. Over the whole period it spent 116% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Veterans Enterprise Training & Services Group Inc sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 45th percentile within DC. Charities of a similar size with the same main cause include Bexley Community Improvement Corporation ($550k), Ringgold County Development Corp ($551k) and Revolution5 ($550k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $190k (23% of expenses). At year end it held assets of $163k against liabilities of $303k, net assets of -$140k. It reported 2 employees.